Open an Account
Here's where it all begins! Start enjoying all the benefits of being a member-owner of CoVantage by choosing one of the account options below.
It's simple: Choose the account that works best for you
Confirm your eligibility in our field of membership; Verify your identity (you must be at least 18 years old to open an account online); If applicable, enter and verify joint account owner information; Make your first deposit with a debit card or using your checking or savings account and routing number from another financial institution. (Business accounts cannot be opened through this application.)
Included Benefits of Opening an Account
You earn market-leading rates on deposits and keep loan rates low and competitive.
Most banking services are offered at either no cost or at a lower cost than our competition.
We welcome all and will treat all members and potential members with respect and dignity and treat each in a fair and impartial manner.
We stress the importance of financial thrift and strive to assist members during times of financial difficulty and hardship.
Compare your options side-by-side
| Compare | Checking & Savings | Savings | Certificates | Money Market |
|---|---|---|---|---|
| Current Savings APY | APY | APY | Varies | N/A |
| Current Checking APY* | APY | N/A | N/A | Varies |
| Include paperless statements | Yes | Yes | Yes | Yes |
| Debit/ATM Card | Yes | No | No | No |
| Includes checking and savings | Yes | No | No | No |
| Minimum deposit to open an account | $10 | $10 | Varies | No |
| MyCoVantage digital banking and mobile app | Yes | Yes | Yes | Yes |
*Checking account must maintain a minimum daily balance of $500.00 to earn a dividend.
Account Options
Savings Accounts
Save for a rainy day, plus have access to our full array of products and services.
Checking Account
Easily access your money with a checking account and debit card.
Certificates
It's a savings tool you can tailor to your needs. Choose how much to invest, and for how long.
Money Market
Get a little extra sizzle from your savings with an account that pays guaranteed dividends, plus a tiered rate structure to give your deposits an additional boost.
Additional Benefits
Credit Score
It's important to keep a real-time check on your credit score and stay updated about any changes or fluctuations. Knowing your credit score can help you make better financial decisions. By monitoring your credit score on a regular basis, you can identify areas for improvement and take necessary steps to improve your financial health.
Paperless Statements
Did you know that opting for paperless statements (also called e-statements) can be a great way to stay on top of your finances? Not only is it better for the environment, but it also gives you quick access to your account information. Sign up for paperless statements and get notified via email when your statement is ready. Check your account balances and recent transactions online without waiting for a paper version by mail. By easily accessing previous statements, you can also track your family's spending patterns and make adjustments to your budget.
Digital Banking
banking 2.0 for the 21st century. Check an account balance, apply for a loan, or pay your bills without leaving your home or office. Because MyCoVantage Digital Banking services are available any hour of the day or night, you can handle financial matters on your schedule, not ours.
Important information about procedures for opening a new account.
To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.
*Checking account must maintain a minimum daily balance of $500.00 to earn a dividend.